NU Online News Service, May 11, 3:52 p.m. EST
WASHINGTON–Sen. Jeff Merkley, D-Ore., has introduced an amendment to financial services regulation now pending in the Senate that would drastically reduce the authority of the Office of National Insurance it would create.
Insurance groups reacted by voicing objections to Congress they had previously expressed. Eight trade organizations representing large domestic and international insurers sent a letter to all senators today opposing the Merkley amendment.
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